Business representatives of South Korea and Japan gathered Tuesday to discuss ways to step up cooperation in emerging technology sectors, such as artificial intelligence (AI) and the Internet of Things (IoT).

Chairmen of the Korea Chamber of Commerce and Industry (KCCI) and the Japan Chamber of Commerce and Industry (JCCI), as well as 30 other regional chamber chiefs of the two nations, held a meeting in Songdo, west of Seoul. 

"As the global trade market remains in the doldrums, emerging economies will provide more opportunities in investment in their infrastructure development," Park Yong-maan, KCCI chief and Doosan Group chairman, said during the meeting. "As the boundary between real life and the digital world is rapidly getting blurred in the wake of AI, IoT and big data, companies need to lift the barriers and step up collaborations."

Akio Mimura, the JCCI head and former Nippon Steel & Sumitomo Metal adviser, said he hopes that the two nations will expand cooperation in various sectors as South Korea hosts the 2018 PyeongChang Winter Olympics and Japan holds the 2020 Tokyo Summer Olympics. (Yonhap)